Brinker Capital Investments LLC lowered its stake in shares of Raytheon Technologies Co. (NYSE:RTX – Get Rating) by 17.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,638 shares of the company’s stock after selling 30,562 shares during the period. Brinker Capital Investments LLC’s holdings in Raytheon Technologies were worth $14,131,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the stock. Resurgent Financial Advisors LLC purchased a new stake in Raytheon Technologies during the first quarter worth $221,000. Wetherby Asset Management Inc. increased its position in shares of Raytheon Technologies by 17.4% during the first quarter. Wetherby Asset Management Inc. now owns 35,737 shares of the company’s stock worth $3,540,000 after purchasing an additional 5,308 shares in the last quarter. Vident Investment Advisory LLC increased its position in shares of Raytheon Technologies by 8.9% during the first quarter. Vident Investment Advisory LLC now owns 6,139 shares of the company’s stock worth $610,000 after purchasing an additional 503 shares in the last quarter. Horizon Investments LLC increased its position in shares of Raytheon Technologies by 76.4% during the first quarter. Horizon Investments LLC now owns 32,812 shares of the company’s stock worth $3,251,000 after purchasing an additional 14,211 shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of Raytheon Technologies during the first quarter worth $6,229,000. Hedge funds and other institutional investors own 79.89% of the company’s stock.
Raytheon Technologies Price Performance
NYSE RTX opened at $88.04 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.10 and a quick ratio of 0.83. The stock’s fifty day moving average price is $92.44 and its 200 day moving average price is $95.44. Raytheon Technologies Co. has a 1 year low of $79.00 and a 1 year high of $106.02. The company has a market cap of $129.99 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 1.80 and a beta of 1.04.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on RTX shares. Vertical Research reduced their price target on Raytheon Technologies to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. StockNews.com raised Raytheon Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, August 4th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Raytheon Technologies has a consensus rating of “Moderate Buy” and an average price target of $114.10.
About Raytheon Technologies
Raytheon Technologies Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense.
- Get a free copy of the StockNews.com research report on Raytheon Technologies (RTX)
- Can Electronic Arts Buck the Downturn in Videogaming?
- Dollar General is the Big Fish in Little Ponds Across the U.S.
- Here’s Why the CPI Report will Dictate the Market Bottom
- MarketBeat: Week in Review 9/5 – 9/9
- Prepare For A Record-Setting Quarter For Cyber Security Stocks
Receive News & Ratings for Raytheon Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raytheon Technologies and related companies with MarketBeat.com's FREE daily email newsletter.